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India's Stock Market Outlook

Invesco's Paul Chan on what's ahead for India stocks, interest rates and the spending power of India's consumers.

This transcript has been automatically generated and may not be 100% accurate.

I ... I ... I ate at our table at Ivanhoe ... I'm Isabella shop ... with me is talk and ... Steve investment officer for Asia ex Japan and US ... also it's all about India ... Europe and India would you like about this ... on the macro funds ... the new patients on that front row ... I'll be I'd have room to cut interest rates further ... on the ... Michael M photo Michel levels we like the demographics ... of a fifty percent of India's population is on the eighth when ... he finds to his future consumption spending power ... what a some sectors ... like ... always thing we like the consumption sector is ... this a ... mean pot of economies of ... consumptions ... the company kneecap stays focused on domestic consumption story ... was some stocks in that space ... I ... the little sect an awesome especially in the auto sector ... will the cycle sectors ... he does he's home rose strongly Monday ... in India ... and yes pricing many high expectations onesie dress ... the political risk is one thing ... government has been in office ... I mean we for that ... the other aspect is infrastructure spending ... the economy cannot rely solely on consumption ... going full with fine you can use them you could be one of ... the stock to put it ... the airport ... to rose ... preachers Terminators ... and way seen yet and five to ten years time ... I think he would be in the second largest economy ... so despite the well ... hopefully the ... more I testify ... he caught me ... on morphine to export space could be another and we adapted to it because you get with one point two billion population in the press with a one percent ... that means committee and ... he wanted the year ... the need to find a way to tap softness workforce ... that's a long time comments ... I think you call ... ins Hoshanah acted as a share ... all ...